DOGE Poised for Potential 215% Surge to $0.73 as Analysts Spot Bullish Signals

Despite recent price stagnation below the $0.20-$0.22 resistance level, Dogecoin (DOGE) continues to attract bullish predictions from analysts. Currently trading at $0.19 with mixed short-term performance (2% daily gain but 12% weekly loss), the meme cryptocurrency shows signs of potential breakout according to technical patterns. Prominent analyst Javon Marks maintains a strikingly optimistic $0.73 price target - representing 215% upside - based on historical cycle analysis, suggesting DOGE may be preparing for significant upward movement in the coming period.

Dogecoin Analysts Predict Breakout Amidst Price Stagnation

Dogecoin remains trapped below the $0.20-$0.22 resistance level, fueling investor anxiety despite its status as a top-tier meme cryptocurrency. The asset currently trades at $0.19, reflecting a 2% daily gain but a 12% weekly loss, with notable volatility observed throughout May 2025.

Technical analyst Javon Marks maintains a bullish outlook, reiterating a minimum 215% price target of $0.73 based on historical cycle patterns. "By Dogecoin’s previous bull cycles and its similar setup this cycle, another nearly +215% increase to $0.73905, AT THE MINIMUM, can be on the way," Marks stated in a May 21 market note.

The prediction hinges on Doge replicating its 2021 parabolic rally, when the token delivered four-digit percentage gains. Market watchers note growing accumulation patterns among retail investors, though the asset continues to underperform relative to major cryptocurrencies.

Dogecoin Breaks Short-Term Range, Signals Bullish Reversal

Dogecoin has shattered its consolidation pattern below $0.20, with Tuesday’s breakout above $0.1863 triggering a wave of short liquidations. Derivatives data reveals a decisive shift in market sentiment—open interest climbed 2.7% to $2.09 billion while bearish positions suffered $2.64 million in liquidations, double the damage sustained by longs.

The memecoin’s funding rate turned positive at 0.0075%, reflecting growing Leveraged buying pressure. Technical indicators now suggest a recovery phase as DOGE stabilizes above critical support, with trading volume swelling 21% to $3.44 billion. This resurgence comes after a week-long decline that tested the patience of retail holders.

Elon Musk Condemns Congressional Spending Bill as Fiscal Irresponsibility

Tesla CEO Elon Musk launched a scathing critique of the latest U.S. Congressional spending bill, calling it a "disgusting abomination" in a fiery social media post. The tech billionaire accused lawmakers of "making America bankrupt" through pork-barrel spending, marking his most vehement fiscal policy intervention since departing his advisory role in the TRUMP administration.

Musk’s outburst reflects growing tension between Silicon Valley leaders and Washington policymakers over deficit spending. His comments carry particular weight given his previous position heading the Department of Government Efficiency, where he unsuccessfully attempted to curb national debt growth before resigning earlier this year.